Quote from: Abbatty on November 22, 2024, 09:48:50 AM

Quote from: Sovannar Sangha on November 21, 2024, 04:37:35 PM

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

When it comes to bitcoin, investors don't need to reap rewards by selling their BTC as you seem to be implying, although they could reap rewards by appreciating that their wealth has gone up and likely to continue to go up by their choice to ongoingly hold the bitcoin they already accumulated..

Quote from: Cryptoprincess101 on November 22, 2024, 12:43:26 PM

Quote from: Samlucky O on November 21, 2024, 03:25:37 PM

[edited out]

My bone of contention is not about making any comparison between bitcoin or Gold because if we take a look at the time when Gold was introduced, and the time bitcoin was introduced you can see that the growth of bitcoin has outperform Gold just within 15 years of Bitcoin's invention, so if we are to have a picture of what bitcoin will become in respect to Gold by this time in the future you will understand that bitcoin will surely become the superior asset here.

Bitcoin is already a superior asset (money) as compared with gold. About 1,000x superior. It just might take a while (perhaps 50-200 years) for that to be reflected in the respective market prices.

Quote from: Wind_FURY on Today at 05:11:05 AM

Quote from: JayJuanGee on November 22, 2024, 06:37:45 AM

[edited out]

Your superb and intelligent opinion/shower-thought is needed,

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?
🤔
Or do we wait for another bull cycle to happen?

I never claim to know these kinds of things... because frequently if there are a lot of sales walls at a certain price point, such as $100k, then once the price goes above it, then it could go 15% to 25% or more before it takes a break.

But the 200-WMA is still at $41k, but if the BTC spot price moves up faster then the 200-WMA moves up faster too... so the 200-WMA is usually considered the bottom price, so on bull runs (or bullish periods), the BTC price does not tend to drop within 25% of the 200-WMA, absent some unusual dip situations, and even in the bear market the 200-WMA is not usually breached, but it still can be sometimes.

I had loosely made a prediction that the BTC spot price would not get within 25% of the 200-WMA prior to the end of 2025, and that the BTC ATH price will be higher in 2025 than it is in 2024. I don't really claim to know specifics beyond that....

Sure maybe we could proclaim that if the BTC spot price goes above $400k (this cycle or whatever), then it becomes much more difficult for it to return to sub-$100k, because $100k would be a 75% correction from $400k.

I know that the numbers seem outrageous, but I would not be prepared to say that the BTC price will never go below a certain point, unless there is some cushion or we might be working with measuring from the 200-WMA or some other parameters, then I might be willing to bet on it once a sufficient enough cushion has been established.

We do have a lot of upward momentum right now, so we likely could proclaim that something like $55k will never be breached again... at least with a certain level of confidence that we might be willing to bet on it.. and perhaps giving some kind of a 1 year or 2 year timeline for the bet.